YEARS
Vol. LX No. 156 th FRIDAY 4 SEPTEMBER 2020
www.dst.news
E-Mail: dailyshipping@gmail.com
Transworld Group ranked 35th among the Top 50 Companies in Great Place To Work - Middle East during 2020 DUBAI: The Transworld Group has been recognized as one of the Top 50 Middle East’s Best Workplaces for the year 2020, by leading Global Workplace Culture and Certification Authority, Great Place to Work® Middle East. The Transworld Group has been ranked 35th among the Top 50 organizations across the Middle East. The certification and ranking has been given taking into account the workplace culture, the scores of “Trust index”- the direct survey from the staff, and the evaluation of our Policies and procedures.
Mr. Ramesh S. Ramakrishnan, Chairman, Transworld Group congratulated the Transworld Fa m i l y a n d m e n t i o n e d t h a t this prestigious certification is a testament and reflection of our values, positive workplace atmosphere & culture demonstrated by each and every Transworld-ite. It’s our continuous Mr. Ramesh S. Ramakrishnan endeavor to build an engaging w o r k p l a c e w h i c h i n s p i r e s c r e a t i v i t y, p a s s i o n a n d propels successes. Cont’d. Back Pg.
PSA and HMM launch Joint Venture for Container Terminal Operations in Singapore S I N G A P O R E : PSA Corporation Ltd (PSA) and HMM Co., Ltd (HMM) have joined forces to form a joint venture in Singapore, working together for enhanced operational excellence and efficiency in container operations. Subject to regulatory approvals, the joint venture company, HMM-PSA Singapore Ter minal Pte Ltd (HPST), is scheduled to commence operations before the end of this year. PSA will hold a 58 per cent stake in HPST,
while HMM will own the remaining 42 per cent, both through their respective subsidiaries. This strategic partnership will offer long-term hubbing certainty to HMM’s fast expanding global vessel fleet in PSA Singapore. Besides volume and terminal capacity assurance, PSA and HMM will also collaborate in operational technology developments and innovations. The enhanced partnership and staying ahead of the technology curve will ensure that PSA and HMM continue to deliver service excellence and Cont’d. Back Pg. exceed customers’ expectations.
DP World & CDPQ expand Global Investment Platform to USD 8.2 bn • Platform has achieved its investment target of US$3.7 billion since launching in 2016 • Current portfolio of ports and terminals spans across North America, Latin America and Asia Pacific; DP World and CDPQ will explore opportunities to broaden the platforms footprint in existing and new geographies DUBAI: DP World, a global infrastructure-led supply chain solutions provider, a n d Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announce the expansion of t h e i r p o r t s a n d t e r m i n a l s Sultan Ahmed Bin Sulayem investment platform through a new commitment of US$4.5 billion (CA$6 billion), which increases the total size of the platform to US$8.2 billion (CA$ 10.6 billion). DP World holds 55% share of the platform, and CDPQ the remaining 45%. Since its launch in December 2016, the platform has invested in 10 port terminals globally and across various stages of the asset life cycle. The enhanced platform will continue to target assets globally, but with an increased scope to broaden its footprint in new and existing geographies, such Cont’d. Back Pg. as Europe and Asia Pacific.
E Mail : info@national-carriers.com